April Sales on LBI

Dated: May 2 2011

Views: 4705

For the month of April there were 25 single-family homes sold on Long Beach Island. The average sale price was $1,012,462 with homes selling for an average of 92.8% of their asking price. On average, homes spent 134 days on the market. April tends to be a fairly active sales month as a purchase in the March-May time frame will still allow buyers to make changes and renovations to their new home before summer and/or allow some time on the rental market if that is the new owners intention. The fact that there are currently 44 homes under contract helps demonstrate this trend. The LBI rental market has also shown a substantial amount of activity with most agencies on LBI reporting that rentals are higher this year than the past few years. Overall, more homes are on the rental market and more weeks have been rented than last year so this kind of activity always helps both the LBI real estate market and the LBI economy as a whole. As I am writing this update I am listening to the news on CNN that reports Osama Bin Laden is confirmed to have been killed. We should all take a moment to remember the brave sacrifice made by so many of our men and women serving overseas and rejoice in their successful efforts to defend our nation. God Bless America!
Blog author image

Nathan Colmer

LBI Office 12800 Long Beach Blvd Beach Haven Terrace NJ 08008 I have lived on LBI my entire life and am actually the 4th generation in my family to do so. This have given me a deep knowledge base ....

Latest Blog Posts

Spring Maintenance Tips

       Spring is the perfect opportunity for homeowners to prepare their property for the months to come.            Here are our top

Read More

My 3 Favorite Long Beach Island Rentals Of The Week

MY 3 FAVORITE LONG BEACH ISLAND RENTALS OF THE WEEKIt's time to find that perfect vacation rental for your #LBI2021Vacation on beautiful Long Beach Island!Looking for bayfront,

Read More

What Can You Do Right Now To Find A Rental On Long Beach Island

What Can You Do Right Now To Find A Rental On Long Beach Island?First, don't panic.  Even though it is true that it's harder than ever to find rentals at this point in the game, especially for

Read More

Real Estate And Your Wealth

Stock market booms come and go, but real estate typically remains a solid investment. In today’s market, owning a home — or two — is one of the best moves you can make for your portfolio.

Read More